JPMorgan said to deploy AI start-up to help trader market predictions

At the world’s biggest debt dealer, traders can have trouble making sense of all the action as it happens. So JPMorgan Chase is bringing in artificial intelligence to give them a picture of the whole trading floor - and even predict where markets are going.

It will compile data from all desks and orders to give salespeople and traders a clearer picture in real time and help them anticipate market moves. Developed by London-based startup Mosaic Smart Data, the program is already used in JPMorgan’s rates trading.

JPMorgan, which generated $15 billion in revenue from its fixed-income business last year, is among banks introducing machine learning and artificial intelligence in capital-markets units. The latest move is about improving the performance of salespeople, not replacing them, said Mosaic Chief Executive Officer Matthew Hodgson.